HomeMy WebLinkAboutAgenda - 05-18-2010 - 4iORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: May 18, 2010
Action Agenda ,
Item No. r~-- - I
SUBJECT: Business Plan for the Piedmont Food and A ricultural Processin Center
DEPARTMENT: Economic Development PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
Business Plan (Under Separate Cover)
INFORMATION CONTACT:
Noah Ranells, 245-2330
Brad Broadwell, EDC Director, 245-2325
PURPOSE: To receive the business plan for the Piedmont Food & Agricultural Processing
Center.
BACKGROUND: Beginning with an Agricultural Center Work Group in 2004, Orange County
has examined and developed the concept of a regional value-added, shared use food and
agricultural processing facility. This business plan is the guiding document for the Piedmont
Food & Agricultural Processing Center for the establishment phase and first three years of
operations.
A draft annual budget for the Piedmont Food and Agricultural Processing Center was prepared
and is included in this packet. Based on 110 hours of kitchen lease and other revenue, the
Piedmont Food and Agricultural Processing Center is projected to be financially independent
with regard to operations in the first year following establishment. Grant funds of $1,127,319
have already been committed to the project from a variety of local, state, and federal sources.
Alamance, Chatham, Durham, and Orange Boards of County Commissioners have all approved
the Inter-Local Agreement that governs the initial establishment of the processing center.
FINANCIAL IMPACT: The financial impact of this business plan for the Orange County Budget
is related to the obligations in the Inter-Local Agreement that has already been reviewed by the
BOCC. It is expected that Economic Development and Cooperative Extension staff will remain
engaged in the processing center.
RECOMMENDATION(S): The Manager recommends the Board receive the business plan and
authorize staff to continue with the establishment of the Piedmont Food & Agricultural
Processing Center and include this project in budget discussions.